Part 3/12:
The potential shift in leadership has tangible economic repercussions, particularly among affluent New Yorkers. The Daily Mail reports that many wealthy residents are proactively selling their properties, fearing increased taxes or rent freezes. An anonymous realtor shared that in just two weeks, high-end buyers—some purchasing properties worth $3 to $5 million—have pulled out of deals, citing fears that Mdami might implement rent controls that could diminish their investment returns.